Barclays paid 428 bankers more than £1 million in 2012, a torrid year for the British bank after its fine for rigging Libor interest rates.

The number of staff paid more than £1 million was down from 473 in 2011, according to new disclosures in its annual report released yesterday.

Barclays said five staff received pay of more than £5 million last year, down from 17 people in 2011. A further 50 were paid between £2.5 million and £5 million in 2012, and 373 staff were paid between £1 million and £2.5 million.

The pay included salary, bonus and the value of long-term share awards.

Chief executive Antony Jenkins was paid £2.6 million, including £1.8 million for his time as chief executive from August 30th. He said last month he would forgo his bonus after the bank’s tough year, when it was fined $450 million for rigging Libor interest rates, prompting former chief Bob Diamond to quit.

Mr Jenkins had previously been the head of retail and business banking at Barclays. – (Reuters)